Unit 1 Lumley Court brochure
- Excellent Location 1 mile from Junction 63 of the A1(M)
- Situated in the established Drum Industrial Estate development with major occupiers including Parcel Force, Co-op Distribution
- Centre and Batleys Cash & Carry
- 5 modern office buildings let to 3 tenants
- Current net rental income of £148,500 reflecting an average rate of just £9.83 per sq ft
- We are instructed to seek offers in excess of £1,500,000, which reflects a Net Initial Yield of 9.35% after purchaser’s costs of 5.80%, reflecting just £99.33 per sq ft capital value.